Businesses have big decisions to make in the uncertain environment of 2021. Investment needs to be careful and focused, and planning needs to be tight. New business software may not be at the top of your investment list. Nevertheless, a new ERP platform could be the answer, especially if you invest in a clothing industry-specific ERP such as STYLEman. Read on to find out more:
What Is An ERP?
ERP stands for Enterprise Resource Planning. It’s a slightly unwieldy name for something surprisingly tidy: the seamless integration of resource management and supply chain processes. ERP software platforms bring together sales, inventory, accounts, customer data, demand projections, and many more industry specific elements, so that organisations can have a 360o view of their progress.
Saving Time
Productivity demands efficiency, and nothing erodes efficiency like complicated admin. At the same time, organisations rely on paperwork to make strategic plans, to grow, and to remain on the correct side of the law. As such, vast quantities of time are poured into the functional elements of business, not to mention keeping track of multiple products, resources, and suppliers.
By integrating and automating functional business elements, ERP platforms take care of the administrative work, freeing up time for employees to focus on developing the company and making targeted improvements.
Improving Accuracy
It is in human nature to make mistakes, especially where numbers are concerned. Tiredness, forgetfulness, or simple haphazardness are normal elements of life that can wreak havoc on a business. For companies using antiquated software, one of the biggest issues is duplication in data entry, which can lead to a range of financial, stock flow, and PR headaches.
ERP automatically keeps track of numbers so that there are no mistakes with ordering, budgeting, or accounting.
Better Planning
Strategic planning is central to running a business successfully. Predicting seasonal uplifts and fluctuations in fashion is crucial for operating a smooth clothing supply chain, and having an understanding of consumer behaviour is also vital. Many companies miss out on opportunities because they have the challenging task of planning without having all of the potential information.
New ERP software gathers and consolidates data so that organisations can analyse and understand consumer demand patterns. This offers opportunities to improve performance and create robust product development strategies.
Reducing Costs
In business, minutes mean money. Speeding up processes whilst reducing labour intensity is an ideal way to keep costs manageable whilst maximising profit. Traditionally, organisations have faced barriers to cost-cutting due to the need for employee specialisation, expenditure on manual repetitive tasks such as inventory, and communicating information between different supply chain partners.
One of the best ways to reduce costs is by connecting the different parts of the organisation into a single portal so that they are integrated, streamlined, and cohesive.
Is A New ERP Platform Right For Me?
At Option Systems, we offer just that: options. If you want to find out whether STYLEman ERP is a good fit for your business goals, get in touch to arrange a free, no-obligation software demonstration.
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